China Seen To Be Complying With US Trade War Deal By Allowing Market Forces To Dictate Yuan Exchange Rate

Posted by Fullerton Markets on Jan 9, 2020 5:06:51 PM

There has been minimal intervention from China's central bank this year, as market forces are allowed to push up the yuan's exchange rate ahead of the anticipated signing of the phase one trade agreement with the US next week.

Chief Strategist Jimmy Zhu highlights in this report how difficulties exist in working out the details and to expect even more uncertainty should there be a phase two deal.